German Renewable Surcharge for 2013 Rises by Almost 47% to 5.277 ct/kWh

Today the four German transmission system operators (TSOs) officially announced the surcharge for renewable energy pursuant to the Renewable Energy Sources Act (EEG) for 2013, the so-called EEG surcharge (EEG Umlage). As widely expected it will rise from 3.592 ct/kWh in 2012 to 5,277 ct/kWh in 2013, constituting an increase of 46.9%. Consumers that cannot reclaim the (additional) 19% VAT will pay 6.28 ct/kWh in total.